Scotiabank Announces Election of Directors

TORONTO, ON--(Marketwired - April 08, 2014) - Scotiabank announced that the nominees listed in the management proxy circular dated February 6, 2014 were elected as directors of the Bank. The detailed results of the vote for the election of directors held at its Annual Meeting of Shareholders earlier today in Kelowna, British Columbia, are set out below.

Election of Directors

On a vote by ballot, each of the following 14 nominees proposed by management was elected as a director of the Bank:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Guillermo E. Babatz

666,658,930

98.91

7,340,272

1.09

Ronald A. Brenneman

649,337,603

96.34

24,661,599

3.66

C.J. Chen

670,041,669

99.41

3,957,533

0.59

Charles H. Dallara

665,012,978

98.67

8,986,221

1.33

David A. Dodge

660,859,060

98.05

13,140,016

1.95

N. Ashleigh Everett

664,714,563

98.62

9,284,639

1.38

John C. Kerr

649,569,646

96.38

24,429,556

3.62

Thomas C. O'Neill

652,735,241

96.85

21,263,961

3.15

Brian J. Porter

666,544,100

98.89

7,454,695

1.11

Aaron W. Regent

666,490,394

98.89

7,508,809

1.11

Indira V. Samarasekera

650,679,482

96.54

23,317,616

3.46

Susan L. Segal

661,090,754

98.08

12,908,448

1.92

Paul D. Sobey

658,318,870

97.67

15,680,333

2.33

Barbara S. Thomas

650,990,891

96.59

23,008,312

3.41

Final voting results on all matters voted on at the Annual Meeting of Shareholders held earlier today will be published shortly on www.scotiabank.com, and filed with the Canadian and U.S. securities regulators.

About ScotiabankScotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $783 billion (as at January 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.